FeaturesBathroom - Full, Flooring - Stone/Ceramic Tile, Remodeled
LevelFirst
48 Essex St # 7, Salem MA 01970
Salem, MA 01970
$440,000
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Sale Statistics
Sale Overview
Original List Price:
$500,000
Final Sale Price:
$440,000
Difference:
$60,000 (-12.0%)
Performance Metrics
88.0%
List to Sale Ratio
Sold below asking price
42
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$503
Sale $/sq ft:
$442
This property sold for $442 per square foot
Sale Summary
This property sold for 12.0% below the original asking price.
The property spent 42 days on market before selling.
Nearby Sales Comparison
Based on 26 similar properties sold within 0.5 miles in the last 90 days
This Property
$442/sq ft
Area Median
$483/sq ft
Difference
8.6%
This property sold near the area median for similar homes.
About this home
Carefully maintained 2-bedroom condo near the Salem Common, Derby and Pickering Wharfs, and Collins Cove. The high ceilings and tall windows provide a very spacious feeling. The hardwood floors, and one off-street parking space make 48 Essex a lovely place to live! Enter into a large, divided front parlor that can be used as living room and dining room and/or home office. The eat-in kitchen features newer appliances, granite counters, and exposed brick for added character. Both bedrooms are generously sized with ample closet space, and the newly remodeled full bathroom offers a walk-in shower with glass doors.. Enjoy added conveniences like laundry and private storage in the basement, plus a shared common deck on the floor.
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Public Records & Permits
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Property History
Market Insights
6.4%
Price Range
44
Total Days on Market
Property Timeline
Sold
Nov 20, 2025
$440,000
Property sold
Days on Market: 44
Listed for Sale
Aug 27, 2025
$469,900
Original listing
Agent: Susan Berton
Office: Churchill Properties
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/20/2025 | ✓ Sold | $440,000 | - | - | Property sold |
| 08/27/2025 | 🏠 Listed for Sale | $469,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,106 | $362,100 |
Financial Details
Annual Property Tax
$4,106
Tax Year 2025
HOA Fee
$398
Monthly
Assessed Value
$362,100
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1900
Living Area
995 sq ft
Bedrooms
2
Full Baths
1
Total Rooms
5
Interior
Heating
Baseboard, Natural Gas
Cooling
None
Flooring
Wood, Carpet, Laminate
Appliances
Range, Dishwasher, Disposal, Refrigerator
Fireplace
None
Basement
Y
Laundry
Common Area, In Building
Features
Internet Available - Unknown
Exterior
Construction
Brick
Architecture
None
Roof
None
Features
Deck - Wood
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Wood
Parking
Features
Off Street, Assigned
Total Spaces
1
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$4,106
Assessed Value
$362,100
HOA & Community
HOA Fee
$398 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
None
Optional Fee Includes
None
Owner-Occupied Units
5
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden"]
Unit/Building
7
Sq Ft Source
Field Card
Documents
Master Deed, Unit Deed, Rules & Regs, Master Plan, Management Association Bylaws, Floor Plans, Association Financial Statements, Certificate Of Insurance (8)
County
Essex
Total market time (incl. prior listings)
44 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
995 sq ft
Total Rooms
5
Stories
1
Entry Level
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
995 sq ft above grade
FeaturesCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
LevelFirst
FeaturesCeiling Fan(s), Closet, Flooring - Laminate, Countertops - Stone/Granite/Solid, Recessed Lighting, Gas Stove
LevelFirst
FeaturesCloset, Flooring - Hardwood
LevelFirst
FeaturesCeiling Fan(s), Flooring - Wall to Wall Carpet
LevelFirst
FeaturesCloset, Flooring - Wall to Wall Carpet
LevelFirst
FeaturesNo
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Carpet, Laminate
Appliances:
Range, Dishwasher, Disposal, Refrigerator
Interior Features:
Internet Available - Unknown
Windows:
Insulated Windows
Basement:
Y
Laundry:
Common Area, In Building
Security:
Intercom
Construction & Materials
Year Built:
1900
Effective Year (Renovated):
1986
Structure Type:
Garden
Exterior Materials:
Brick
Roof:
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Heating Zones:
1
Cooling:
None
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Deck - Wood
Patio & Porch:
Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Off Street, Assigned
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
3 schools
C+
Bentley Academy Innovation School
0.5 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.5 mi
106 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.6 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
Middle Schools
3 schools
C+
Collins Middle School
1.2 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B+
Village School
1.7 mi
|
#253 of 824
|
Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students
Moderate
Grades 04-06
B+
Marblehead Community Charter Public School
2.0 mi
|
#115 of 352
|
Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students
Moderate
Rising School
Strong Attendance
Grades 04-08
High Schools
3 schools
B+
Salem Academy Charter School
0.5 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
1.8 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.8 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
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Location
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Neighborhood
48 Essex St # 7, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Office
Churchill Properties
Office Phone
978-258-5211
Agent MLS ID
C9500900
Office MLS ID
AN7537
Listing Data Updated
Nov 20, 2025 3:56 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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